Anti-Corruption & FCPA Compliance Committee’s Breakfast Meeting – 31st October 2017
On 31st October 2017, the Anti-Corruption & FCPA Compliance Committee met for a breakfast meeting at the Amazon office, New Delhi. The opening remarks were given by Ms. Ritika Ratti, Chairperson – Anti-Corruption & FCPA Compliance Committee, AMCHAM and Chief Ethics & Compliance Officer & Head of Anti-Corruption, Walmart India.
Since dealing with a third party usually means policing a tangled web of risks which require a lot of care and discipline on the part of the company, the committee held an interactive discussion on ‘Third Party Risk Management and Mitigation.’ A key challenge for most companies operating in India today is finding competent business partners with an understanding, acceptance of ethics and compliant to best practices. Members shared their process of screening third parties and their experiences. Members were requested to share their suggestions on potential topics for upcoming meetings. It was also decided that the 2018 Anti-Corruption & FCPA Compliance Masterclass would be held in Mumbai.